Associated Cap Group Inc (AC) Financials
Newest figures come from the 10-Q for Q2 FY2025, filed Aug 7, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AC SEC filings page.
Associated Cap Group Inc (AC) reported $11.9M in revenue over the twelve months to Jun 30, 2025, down 11.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Investment results and capital distributions, not operating profit from reported revenue, drive Associated Capital's economics.
Net income rose from$37.5M in FY2023 to$44.3M in FY2024, but earnings improved while cash conversion weakened. Operating cash flow fell from$145.1M to$26.9M , showing that the latest profit translated into considerably less cash than the prior year's result.
The reported operating model remained loss-making:
FY2024 dividends of
Financial Health Signals
Associated Cap Group Inc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Associated Cap Group Inc passes 4 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 3 of 4 profitability signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Associated Cap Group Inc generates $0.61 in operating cash flow ($26.9M OCF vs $44.3M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Associated Cap Group Inc reported an operating loss of $18.8M against $267K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Associated Cap Group Inc generated $2.2M in revenue in Q2 2025. This represents a decrease of 15.0% from the same quarter a year earlier. Against the prior quarter it is up 3.7%.
Associated Cap Group Inc reported $18.6M in net income in Q2 2025. This represents an increase of 522.6% from the same quarter a year earlier. Against the prior quarter it is up 142.3%.
Not reported for Q2 2025.
Not reported for Q2 2025.
Cash & Balance Sheet
Associated Cap Group Inc held $249.4M in cash as of Q2 2025; long-term debt is not reported for that period.
Associated Cap Group Inc paid $0.10 per share in dividends in Q2 2025. That is unchanged from the same quarter a year earlier.
Not reported for Q2 2025.
Margins & Returns
Associated Cap Group Inc's ROE was 2.0% in Q2 2025, measuring profit generated per dollar of shareholder equity. This is up 1.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.2 percentage points.
Not reported for Q2 2025.
Not shown for Q2 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2025: the reported ratio is above 100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Associated Cap Group Inc spent $776K on share buybacks in Q2 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 65.0% from the same quarter a year earlier. Against the prior quarter it is down 45.2%.
Not reported for Q2 2025.
Not reported for Q2 2025.
AC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2510-Q | Q1'25 | Q4'2410-Q | Q3'24 | Q2'2410-Q | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.2M-15.0% | $2.1M-29.3% | $5.2M-8.6% | $2.4M+9.8% | $2.6M+8.9% | $3.0M+22.2% | $5.6M-25.2% | $2.2M-14.1% |
| SG&A Expenses | $5.3M+34.4% | $4.4M+16.4% | $6.3M+8.7% | $4.2M+3.4% | $3.9M+4.0% | $3.8M+7.0% | $5.8M-30.4% | $4.1M+13.6% |
| Operating Income | -$8.0M-117.1% | -$5.3M-6.4% | -$3.2M+33.8% | -$6.9M-96.4% | -$3.7M-5.8% | -$5.0M+3.2% | -$4.8M-84.3% | -$3.5M-12.5% |
| EBITDA | N/A | -$5.2M-6.5% | N/A | N/A | N/A | -$4.9M+3.2% | N/A | N/A |
| Interest Expense | $34K-50.7% | $45K-45.8% | $39K-47.3% | $76K-43.3% | $69K-55.8% | $83K-15.3% | $74K+4.2% | $134K+103.0% |
| Income Tax | $6.2M+808.9% | $2.8M-26.9% | -$3.1M-156.0% | $6.9M+4076.5% | $684K-62.8% | $3.8M+140.4% | $5.6M+94.4% | $166K+103.4% |
| Net Income | $18.6M+522.6% | $7.7M-44.5% | $4.3M-73.8% | $23.2M+145362.5% | $3.0M-11.5% | $13.8M-22.2% | $16.3M+19.6% | -$16K+99.9% |
| EPS (Basic) | $0.88+528.6% | $0.36-43.8% | N/A | $1.09 | $0.14-6.7% | $0.64-21.0% | N/A | $0.00+100.0% |
| EPS (Diluted) | N/A | N/A | N/A | $1.09 | $0.14 | $0.64 | N/A | $0.00+100.0% |
| Diluted Shares (Avg) | N/A | N/A | N/A | 21,275-1.8% | 21,392 | 21,500 | N/A | 21,672-1.5% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
AC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2510-Q | Q1'25 | Q4'2410-Q | Q3'24 | Q2'2410-Q | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $959.1M+1.1% | $933.3M-2.2% | $935.3M-0.9% | $977.2M+5.5% | $949.0M+1.7% | $954.2M+1.2% | $943.8M+1.7% | $926.5M-6.1% |
| Cash & Equivalents | $249.4M-26.9% | $293.9M-4.8% | $299.6M-5.6% | $260.9M-31.6% | $341.3M-10.5% | $308.7M-22.2% | $317.5M+45.3% | $381.3M+32.3% |
| Goodwill | $3.5M0.0% | $3.5M0.0% | $3.5M0.0% | $3.5M0.0% | $3.5M0.0% | $3.5M0.0% | $3.5M0.0% | $3.5M0.0% |
| Total Liabilities | $38.7M+39.0% | $28.6M-9.3% | $37.0M+20.4% | $78.5M+232.8% | $27.8M+3.7% | $31.6M+6.4% | $30.7M+12.5% | $23.6M-75.9% |
| Total Equity | $914.7M-0.1% | $899.0M-2.0% | $892.7M-1.6% | $892.8M-0.3% | $915.5M+1.8% | $916.9M+1.2% | $907.0M+1.9% | $895.7M+1.9% |
| Retained Earnings | $70.0M+11.2% | $53.5M-13.8% | $45.8M-5.0% | $43.6M+28.2% | $62.9M+84.7% | $62.1M+88.7% | $48.2M+218.9% | $34.0M+830.0% |
Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Current Liabilities, Non-Current Liabilities, Long-Term Debt.
AC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2510-Q | Q1'25 | Q4'2410-Q | Q3'24 | Q2'2410-Q | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$41.1M-238.3% | -$8.1M-636.7% | $72.7M+246.2% | -$74.5M-583.2% | $29.7M+809.7% | -$1.1M-100.6% | -$49.7M-24.4% | $15.4M+125.8% |
| Depreciation & Amortization | N/A | $89K-1.1% | N/A | N/A | N/A | $90K0.0% | N/A | N/A |
| Investing Cash Flow | $889K+3765.2% | $1.2M+284.0% | $13.9M+307.4% | -$2.3M-240.4% | $23K-98.2% | -$663K-15.9% | $3.4M+2166.2% | $1.7M-46.9% |
| Financing Cash Flow | -$2.9M+33.7% | -$1.4M+66.9% | -$47.1M-674.0% | -$3.4M+12.4% | -$4.4M+55.9% | -$4.3M+16.8% | -$6.1M+80.8% | -$3.9M-784.3% |
| Dividends Paid | $2.1M-1.2% | N/A | $44.6M+1967.3% | $42.5M | $2.1M-2.3% | $0 | $2.2M-1.9% | $0 |
| Share Buybacks | $776K-65.0% | $1.4M-64.1% | $2.3M-22.8% | $3.4M-10.6% | $2.2M-70.9% | $3.9M+102.5% | $2.9M+462.0% | $3.8M+765.1% |
Not reported in any period shown, so not listed: Stock-Based Compensation, Capital Expenditures, Free Cash Flow.
AC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2510-Q | Q1'25 | Q4'2410-Q | Q3'24 | Q2'2410-Q | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | -361.4% | -248.4% | -62.0%+23.6pp | -286.4% | -141.6% | -165.1% | -85.6%-50.9pp | -160.1% |
| Net Margin | 842.1% | 360.2% | 83.0% | 962.4% | 115.0% | 459.0% | 290.0% | -0.7% |
| Return on Equity | 2.0%+1.7pp | 0.9%-0.7pp | 0.5%-1.3pp | 2.6%+2.6pp | 0.3%0.0pp | 1.5%-0.4pp | 1.8%+0.3pp | 0.0%+1.9pp |
| Return on Assets | 1.9%+1.6pp | 0.8%-0.6pp | 0.5%-1.3pp | 2.4%+2.4pp | 0.3%-0.1pp | 1.5%-0.4pp | 1.7%+0.3pp | 0.0%+1.7pp |
| Debt-to-Equity | 0.040.0x | 0.030.0x | 0.040.0x | 0.09+0.1x | 0.030.0x | 0.030.0x | 0.030.0x | 0.03-0.1x |
| Asset Turnover | 0.000.0x | 0.000.0x | 0.010.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.010.0x | 0.000.0x |
Not reported in any period shown, so not listed: Gross Margin, Current Ratio, FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
Where Associated Cap Group Inc Ranks
Frequently Asked Questions
What is Associated Cap Group Inc's annual revenue?
Associated Cap Group Inc (AC) reported $13.2M in total revenue for fiscal year 2024. This represents a 3.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Associated Cap Group Inc's revenue growing?
Associated Cap Group Inc (AC) revenue grew by 3.9% year-over-year, from $12.7M to $13.2M in fiscal year 2024.
Is Associated Cap Group Inc profitable?
Yes, Associated Cap Group Inc (AC) reported a net income of $44.3M in fiscal year 2024.
What is Associated Cap Group Inc's EBITDA?
Associated Cap Group Inc (AC) had EBITDA of -$18.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
Does Associated Cap Group Inc pay dividends?
Yes, Associated Cap Group Inc (AC) paid $2.20 per share in dividends during fiscal year 2024.
What is Associated Cap Group Inc's return on equity (ROE)?
Associated Cap Group Inc (AC) has a return on equity of 5.0% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Associated Cap Group Inc's operating cash flow?
Associated Cap Group Inc (AC) generated $26.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Associated Cap Group Inc's total assets?
Associated Cap Group Inc (AC) had $935.3M in total assets as of fiscal year 2024, including both current and long-term assets.
What is Associated Cap Group Inc's debt-to-equity ratio?
Associated Cap Group Inc (AC) had a debt-to-equity ratio of 0.04 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Associated Cap Group Inc's return on assets (ROA)?
Associated Cap Group Inc (AC) had a return on assets of 4.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Associated Cap Group Inc's Piotroski F-Score?
Associated Cap Group Inc (AC) has a Piotroski F-Score of 4 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Associated Cap Group Inc's earnings high quality?
Associated Cap Group Inc (AC) has an earnings quality ratio of 0.61x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Associated Cap Group Inc cover its interest payments?
Associated Cap Group Inc (AC) reported an operating loss of $18.8M against $267K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.